Stock Yards Bank & Trust Co. Buys 414 Shares of Ubiquiti Inc. (NYSE:UI)

Stock Yards Bank & Trust Co. raised its stake in shares of Ubiquiti Inc. (NYSE:UI) by 27.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,915 shares of the company’s stock after acquiring an additional 414 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Ubiquiti were worth $267,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in UI. Denali Advisors LLC increased its holdings in shares of Ubiquiti by 388.3% during the 3rd quarter. Denali Advisors LLC now owns 1,006 shares of the company’s stock worth $146,000 after purchasing an additional 800 shares during the period. Commonwealth Equity Services LLC increased its stake in Ubiquiti by 9.1% in the third quarter. Commonwealth Equity Services LLC now owns 1,564 shares of the company’s stock valued at $227,000 after acquiring an additional 131 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Ubiquiti by 14.2% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,469 shares of the company’s stock valued at $213,000 after acquiring an additional 183 shares during the period. Altfest L J & Co. Inc. increased its stake in Ubiquiti by 20.6% in the third quarter. Altfest L J & Co. Inc. now owns 2,264 shares of the company’s stock valued at $329,000 after acquiring an additional 387 shares during the period. Finally, Signaturefd LLC increased its stake in Ubiquiti by 201.5% in the third quarter. Signaturefd LLC now owns 202 shares of the company’s stock valued at $29,000 after acquiring an additional 135 shares during the period. Institutional investors own 4.00% of the company’s stock.

Ubiquiti Trading Up 2.6 %

Shares of Ubiquiti stock opened at $108.77 on Thursday. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 17.66 and a beta of 1.23. Ubiquiti Inc. has a 1-year low of $103.00 and a 1-year high of $243.00. The firm’s 50-day moving average price is $114.22 and its two-hundred day moving average price is $120.44.

Ubiquiti (NYSE:UI) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.57). The firm had revenue of $464.95 million for the quarter, compared to the consensus estimate of $488.56 million. Ubiquiti had a negative return on equity of 392.74% and a net margin of 19.83%. As a group, equities research analysts predict that Ubiquiti Inc. will post 6.5 EPS for the current year.

Ubiquiti Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, February 26th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.60 per share. The ex-dividend date was Friday, February 16th. This represents a $2.40 annualized dividend and a yield of 2.21%. Ubiquiti’s dividend payout ratio is 38.96%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UI. Barclays lowered their target price on shares of Ubiquiti from $105.00 to $93.00 and set an “underweight” rating on the stock in a research note on Monday, February 12th. BWS Financial reissued a “buy” rating and issued a $160.00 target price on shares of Ubiquiti in a research note on Monday, April 8th. Finally, StockNews.com raised shares of Ubiquiti from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th.

Ubiquiti Company Profile

Ubiquiti Inc develops networking technology for service providers, enterprises, and consumers. The company develops technology platforms for high-capacity distributed Internet access, unified information technology, and consumer electronics for professional, home, and personal use. Its service provider product platforms offer carrier-class network infrastructure for fixed wireless broadband, wireless backhaul systems, and routing and related software; and enterprise product platforms provide wireless LAN infrastructure, video surveillance products, switching and routing solutions, security gateways, door access systems, and other WLAN products.